Analyze the impact of a decrease in tariffs (taxes) on imported flat screen televisions in the market for flat screen televisions.

A local government is seeking to impose a specific tax on hotel rooms. The price elasticity of supply of hotel rooms is 3.5, and the price elasticity of demand is 0.3. If the new tax is imposed, who will bear the greater burden-hotel suppliers or hotel consumers? The hotel consumers pay percent and hotel suppliers pay percent of the tax. (Enter your responses rounded one decimal place.)

Cocoa (Cacao) beans and imported from South America. The government has decided to increase the tax on imported goods such as cocoa. What effect would this have on the market for hot cocoa?

Suppose the demand and supply for Xbox-One are: Qd = 500 - 2P, Qs = -100 + 4P . Assume that consumers demand 75 less Xbox units at each price. Also, a new tax has been imposed on foreign microchips, increasing the costs of production, and reducing supply by 35 units at each price Given this information find: a. CS0 = $ b. CS2 = $  c. PS2 = $

Price of rice increases from taka 51 per kg to taka 88 per kg. As a result, quantity demanded falls from 23819 kg per week to 17627 kg per week. Calculate the price elasticity of demand (PED) of rice. Give your answer in two decimal places. Price of rice increases from taka 51 per kg to taka 85 per kg. As a result, quantity supplied increases from 21673 kg per week to 27995 kg per week. Calculate the price elasticity of supply (PES) of rice. Give your answer in two decimal places. Income of a person increases from taka 27315 per month to taka 46866 per month. As a result, quantity demanded of a good changes from 20 kg per month to 40 kg per month. Calculate the income elasticity of demand (YED) of the good. Give your arswer in wu decimal plaves.

The current price for a good is $25, and 90 units are demanded at that price. The price elasticity of demand for the good is -1.5. When the price of the good drops by 8 percent to $23, consumer surplus by $(Enter your response to the nearest penny) increases decreases

If Congress prohibited the sale of Japanese luxury cars like Lexus, Acura, and Infiniti, how would this affect the price elasticity of demand for Mercedes, BMWs, and Jaguars in the U.S.?

The fuel prices in India are increasing on account of domestic as well as global factors. On the other hand, the recent studies show that the demand for cars has also increased. How do you explain this situation by using the cross elasticity of demand concept?

With higher fuel costs, airlines raised their average fare from $0.75 to $1.25 per passenger kilometer and the number of passenger kilometers decreased from 5 million a day to 3 million a day. What is the price elasticity of demand for air travel over this price range?

The price elasticity of demand for beer among young adults (age 18 to 24) is about 1.30, and the number of highway deaths is roughly proportional to the group’s beer consumption. If a state imposes a beer tax that increases the price of beer by 20%, by how much will the number of highway deaths among young adults decrease?